@techreport{20.500.12134/6093, author = {Ojeda-Joya, Jair N.}, author = {Parra-Polanía, Julián Andrés}, author = {Vargas-Riaño, Carmiña Ofelia}, year = {2014}, month = {1}, url = {https://repositorio.banrep.gov.co/handle/20.500.12134/6093}, abstract = {This document analyzes the macroeconomic effects of a boom in a small-open economy's natural-resource sector. We study the effects of this shock on the most important macroeconomic variables, the resource reallocation across sectors and on welfare under a}, publisher = {Banco de la República}, booktitle = {Borradores de Economía}, volume = {Borradores de Economía; No. 807}, title = {Natural-resource booms, fiscal rules and welfare in a small open economy}, keywords = {Fiscal rule}, keywords = {Natural-resource boom}, keywords = {Consumer welfare}, keywords = {Equilibrium model}, doi = {https://doi.org/10.32468/be.807}, }